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Powertrain 2020 - The Future Drives Electric (PDF ... - Roland Berger

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12 |<br />

Study<br />

1.2 Regulatory framework<br />

<strong>The</strong> world's leading economies have developed a wide range of instruments<br />

aimed at reducing emissions and lessening their dependence on oil imports.<br />

<strong>The</strong>ir approach has two prongs. On the one hand, they are trying to force<br />

OEMs to come up with more fuel-efficient vehicles. <strong>The</strong>y do this by means<br />

of tighter regulations, harsher penalties, subsidies for research and development<br />

and industrialization programs. On the other hand, they are trying to<br />

steer demand from end customers toward forms of private transportation<br />

that are less damaging to the environment. This they do with the help of<br />

tax incentives, subsidies and other local instruments.<br />

1.2.1 Government targets for new vehicle sales<br />

CO 2 emissions and fuel efficiency regulations<br />

Several major countries across the world have established targets for CO 2<br />

emissions and/or fuel efficiency. <strong>The</strong> European Union currently has the<br />

most stringent targets. By 2012 the average CO 2 emissions of an automaker's<br />

annual new car sales should not exceed 130 g/km in the EU (applies<br />

to 65% of the fleet, gradually increased up to 100% by 2015). By <strong>2020</strong> the<br />

target is likely to be 95 g/km. This represents an average fuel consumption<br />

of roughly 4 liters of gasoline, or 3.6 liters of diesel, per 100 km.

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